After DDA and Greater Noida Development Authority, it’s turn of Maharashtra Area and Housing Development Authority (MHADA) to offer flats at affordable costs. MHADA has announced Sale of its newly constructed 3683 Flats in Mumbai. This offer of sale has come as a New Year gift for Mumbaikars to try their luck and grab the MHADA flats at a bargain price.

Where are the Flats Located?

These MHADA flats are divided into Three Categories – High Income Group (HIG), Medium Income Group (MIG) and Low Income Group (LIG).

Application Form and Amount

The application forms for buying these houses will be available at selected 15 HDFC branches from January 12 to January 30.

Application Amount for MHADA Flats

The Application amount for each category of Flats is given below

Rs 10,000 for homes in the EWS category

Rs 15,000 for LIG

Rs 25,000 for MIG

Rs 50,000 for HIG.

Rs 1 lakh for HIG flats at Versova.

Last Date of Application

The Forms will be available from Jan12 to Jan30 and Applicants can submit their Application between Jan 13th and Jan 31st . Jan 31st is the last date of submitting the Application form.

Flats constructed by the MHADA for the lower, middle and high income groups command a heavy demand as they are reasonably priced in an otherwise exorbitant Mumbai’s real estate market. In July 2008, MHADA had announced its decision to release 870 houses at Malvani in Malad, and the scheme received an overwhelming response with over 2 lac applicants trying their luck.

Application Forms will be available at following branches of HFDC Bank

I have received a number of emails requesting information on draw date. The MHADA website does not provide any details on the draw result date. However, Indian express newspaper dated 14th february carrries following news -

"The wait of those who have applied for a flat under the housing scheme of the Maharashtra Housing and Area Development Authority (MHADA) may last just three more months. The housing board has announced that it will carry out a draw of lots in the last week of May. The whole process will take about two weeks. “When MHADA had a draw for 870 flats at Malad last year, it took us about seven to eight hours. Taking that into account, it will take at least 12 days to complete the draw for the 42 projects we have this time,” said MHADA’s Mumbai Board chief officer H K Javale. He said the election code of conduct will not hinder the process as the MHADA housing scheme is an ongoing project.MHADA has also sent a proposal to the state government, stating that the 4.3 lakh aspiring home buyers should be paid interest from June in case the draw is not carried out on time for some reason. MHADA officials said the system to be used for the draw will be tested by experts from Tata Consultancy Services and Veermata Jijabai Technological Institute (VJTI) to avoid any technical snag that occurred during its last draw. Experts from VJTI and the Indian Institute of Technology (IIT) will also be present. "

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